Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given Average Rating of "Buy" by Brokerages

Key Points

• Analysts maintain a bullish view: All seven brokerages covering Dream Industrial REIT rate the stock “Buy,” with an average 12-month price target of C$15.47.
• Several firms recently raised their targets, including National Bank Financial to C$16.75, Canaccord Genuity to C$16.50, and Desjardins and TD to C$16.00.
• The stock opened at C$13.21, below its 52-week high of C$14.85. In its latest quarter, the REIT reported C$0.11 in EPS and C$131.42 million in revenue, with a 37% net margin.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) has been assigned an average recommendation of "Buy" from the seven research firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$15.47.

A number of brokerages recently weighed in on DIR.UN. National Bank Financial lifted their target price on shares of Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Desjardins upped their price target on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. TD increased their price target on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Canaccord Genuity Group lifted their price objective on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the stock a "buy" rating in a research report on Thursday, August 6th.

Dream Industrial Real Estate Invest Trst Stock Down 0.9%

Dream Industrial Real Estate Invest Trst stock opened at C$13.21 on Wednesday. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40. Dream Industrial Real Estate Invest Trst has a 52-week low of C$11.81 and a 52-week high of C$14.85. The firm has a 50 day moving average price of C$14.12 and a two-hundred day moving average price of C$13.71. The firm has a market cap of C$3.70 billion, a price-to-earnings ratio of 22.85 and a beta of 1.10.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 EPS for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. The company had revenue of C$131.42 million for the quarter. Equities analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current year.

Dream Industrial Real Estate Invest Trst Company Profile

Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Its portfolio comprises industrial properties located in key markets across Canada and the U.S. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.

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